Pool (NASDAQ:POOL) Issues Quarterly Earnings Results

Pool (NASDAQ:POOL) issued its quarterly earnings results on Thursday. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.09, Briefing.com reports. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted $5.89 earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year. Pool updated its FY24 guidance to $11.05-11.45 EPS.

Pool Stock Performance

POOL stock opened at $371.82 on Friday. The stock has a market capitalization of $14.25 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.62 and a beta of 1.00. Pool has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a current ratio of 2.48, a quick ratio of 0.56 and a debt-to-equity ratio of 0.75. The stock’s 50 day simple moving average is $336.23 and its 200 day simple moving average is $368.62.

Pool Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.29%. This is an increase from Pool’s previous quarterly dividend of $1.10. Pool’s dividend payout ratio is presently 37.56%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on POOL shares. Wells Fargo & Company boosted their target price on Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday. Loop Capital reduced their price target on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. Stifel Nicolaus reduced their price target on Pool from $360.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. Robert W. Baird boosted their price target on Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a report on Friday. Finally, Bank of America reduced their price target on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $347.22.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.